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if the numbers are so bad. >> there were signs that the economy is holding. particularly, when you look at the strength in the fourth quarter, for all the complaints, the economy is showing resilience in the face of the mess going on in washington. in a way, that is good news and i can be positive for stocks. there is nothing in this report that would suggest the fed will change anytime soon. we will continue to see more buying of treasury security, the liquidity will continue to benefit the equity markets. melissa: i was also surprised to see an upward revision for september and december. if you put together the upward revisions, it was an extra 127,000 jobs that we did not know about. >> the tricky thing about the gdp number, though, digging under the surface, it was quite strong. stronger in the fourth quarter than it has been since the beginning of 2012. i think the strong employment numbers and income numbers kind of fit together. melissa: michelle girard, thank you so much. appreciate it. have a good day. lori: ubs getting bearish on the bond market. a new investor classification
, family reuniting and the talk of a positive impact that immigration has on the economy were all well receive people acting in community together said that no one is looking for a free ride. >> i think earned citizenship, people are willing to pay fines for coming here. i -- families have said that to me personally. >> i talked with the pastor of our lady of guadelupe church, who was in the audience and he said that he thinks that immigration reform is imminent. i talked to the father this afternoon, and he said that the president was right to talk about the immigration in terms of the impact on business and the economy. i will share more with you coming up on nbc bay area news. >> chris, we will see you then. still ahead, against all odds, a soldier that survived losing four limbs on the battlefield, now this vet is using his experience to inspire others. >> also, this is a story that belongs to everyone. and it is so cool to be able to share this with everyone. >> a trip down memory lane ends with history being rewritten, what a woman found out about her family that could change the
a month. that takes a year. and this is what -- and they're putting that much money back in the economy each month. this is very powerful stuff. we're seeing, you know, further expansion in bank lending. i think today in the loan officer's survey from the fed, you're going to see further easing and bank lending standards which we have found to be a pretty good leading indicator of the overall economy. >> bank loan portfolios year on year were up 80 basis points. that's less than 1%. and there's still a huge credit impairment in the mortgage part of the market, which is roughly 50% of bank balance sheets. again, those issues are fannie and freddie mispricing the risk on the high end, fha mispricing the risk on the low end. no requirement in the game roles. that's where you need -- when you look at the senior loan officers survey, that's where you see -- >> i want to ask you a question, macro question. if you had a choice, let's say you had one of those time machine things and you could take the global macro environment for dow 14,000 in october 2007, or the global macro environment for d
reason the economy and he's not delivering. >> talk about the policiless that are hurting black americanings whampt were the policiless that you feel have kept people from being able to move forward. >> when i was in college we read a back called the negro family a case near national academies. >> 20 of the blacks were born out of wet lookings that has tripem for whites is it 35 percent. we have rewarded people and given women financial incent itches and allowed the men to abandoneded thet. bill cosbee called them unwed fathers. >> single parent hood and kids growing up and stipulated by taxpayers and government are programless. they don't want to make it so the kids don't have food or healthcare. . >> when i talk to blook. i try not to use the heritage foundation that did study on absent fathers and dropping out of high school and crime and getting on welfare. charles murray did a book called losingly ground and the damage done by the nuclear family. it is it call would tupac. >> and they like to hear me say if i had a father in my life i would have had confidence and more disc
. the controversial comment from san francisco's archbishop. >> is the stock market growing while the economy is shrinking? it sounds more like a rid. sam brock takes a look in tonight's reality chicagoing. >> i'm janelle wang. america's next possible defense secretary in the hot seat. the angry questions directed at chuck hagel. an explosion in mex stow city at a major oil company leaves more than a dozen dead. world tonight is next. you're on timeout leo! some things won't last 25 years. ah! woof! some things will. some things won't last 25 years. ah! woof! some things will. >>> it was a grilling on capitol hill today. pointed questions for president obama's phenomenon knee for secretary of defense. and many of those questions came from the nominee's own party. >> janelle wang is here with our world tonight. janelle. >> former february nebraska senator chuck hagel hammered today at his senate confirmation hearing. one of the most heated exchanges came from his former friends senator john mccain who grilled hagel on his opposition to the 2007 surge of u.s. forces into iraq. >> deserves your
say the says holding back the economy, the federal reserve is holding back the economy. >> steve liesman will be along at 7:30 eastern. i don't think he would buy into that. we will be here with the release of cnbc's exclusive fed survey. and from the better late than never file, the senate has approved the long delayed $50.5 billion aid package for the vikt manies of superstorm sandy. the approval comes three months after the storm ravaged the east coast destroying thousands of homes and is business in new york and connecticut and new jersey. nine republicans joined democrats in voting yes on the measure. now president obama must sign it into law, which he is expected to do. senate leaders held up the aid and for wrangling' over the new rules, filibusters and some pork in there and all kinds of stuff. andrew asked me today -- i love this. is it okay to wear a jacket? it's fine to wear a jacket when you want to because of -- he goes, look, this shirt needs a jacket. that begs the question, where do you wear a shirt that needs a jacket to cover it up? >> because it's a different l
's. >>> jits not a pretty picture for trying to find work in the struggling economy. many found themselves deep in the hole because of student loans. the problem is getting worse with a record number of delinquencies reported. we get more from miguel almaguer. >> reporter: a graduate >> reporter: a graduate student, 22-year-old astrid will be $160,000 in debt before she lands her first job. >> i feel like that number doesn't really process in my head yet. it's just an imaginary number i know i have to pay off. >> reporter: she is one of the 26 million americans saddled with a ballooning student loan. like her classmates, she worried without a job after graduation, she'll become part of the record number of former students who are now defaulting or delinquent paying back loans. >> honestly, i don't know how i'm going to do it. >> reporter: with college costs on the rise, student loan debt is at an all-time high. topping $870 billion surpassing credit card debt and even auto loans. now a new study shows one-third of former students are considered risky borrowers. graduates who don't pay back thei
. >> consumer reports say small engines may not deliver the speed or fuel economy they claim saying the tests show turbo charged models from ford, hyundai, and kia fall short of expectations and the chevrolet turbo charged got little extra power than the models with conventional engines. a four cylinder from bmw does deliver of good fuel economy and acceleration according to consumer reports. >> the worker who goal from a construction site survived the fall because of plastic. the worker plunged 30' from this building into plastic sheeting wrapped around the site he worked on. he was tangled in the heavy duty plastic and was cut free despite the padded landing, he was taken to the hospital but is expected to be okay. >> a bit of good luck. >> the san francisco 49ers' season ended in pride and heartbreak. the last duty the niners have to handle this morning. >> week long hostage stand off comes to a dramaticnd in alabama with new develop ♪ i'd like to thank eating right, whole grain, multigrain cheerios! my bowl, my spoons! mom, are those my jeans? [ female announcer ] people who choose more
. >>> just when you thought everything was going well in the economy, it shrinks. we'll take a look at the numbers. [ female announcer ] safeway presents real big deals of the week. or how to get great prices on things you need. we know you look around for the best deals. that's why we give you real big club card deals each week. right now best foods mayonnaise is just $2.77. so pile it on. pizza is served. digiorno pizza is just $3.88. and here's a treat. dreyer's ice cream is only $2.88. real big deals this week and every week. only at safeway. ingredients for life. >>> right now we have breaking news to tell you about from phoenix, arizona. police on the scene of a shooting at an office complex. a shooter came in and opened fire. three people have been hit right now. two others were injured. not a lot of information coming in at this point. a phoenix, arizona, office building. three people have been shot, two injuries. a suspect remains at large. we'll keep on top of this story and bring you new information as we get it into our newsroom. >>> two bay area congressmen are in town
there was strength in construction, manufacturing, and retail hiring. the labor department also said the economy added 422,000 more jobs last year than first reported. that upped the average monthly job growth in 2012 from 153,000 to 181,000. but the economy is facing new head winds, with the payroll tax rising again. from 4.2% to 6.2%. >> how much impact do you think the payroll tax hike is going to have on growth? >> consumers are faced with a drop in real disposable income of more than 2% in the first quarter. that's going to impact spending. that's going to shave a percentage point off of gdp growth. >> and slower growth, of course, means less hiring. many economists believe that will only be a temporary setback to the economy while people adjust. anthony mason, cbs news, new york. >>> we are less than 42 hours away from kickoff at super bowl xlvii. >> and no one is more excited than dennis o'donnell. he wants to go on another week, maybe two. dennis. >> you have no idea. you have no idea how much i like these press conferences and sound bites. two more weeks of this. >> i have a small
to click for the industrial economy, the housing market's coming back and responsible for a tremendous amount of january's advance, whether it be whirlpool, another 52-week high for the spin cycle, or sherwin williams. watching paint dry has never been better. or stock super bowl winner pulte homes. >> buy, buy, buy! >> and let's throw in tripoint, a red hot ipo of a home builder that went to an immediate premium. what else is glittering in this grimy industrial portion of the u.s. geography? how about industrial equipment. industrials gain strength as the month went on. i suspect they will continue to do so as europe stabilizes, america advances, and asia starts to roar. >> buy, buy, buy! >> just like the metaphorical baltimore. california, home of the niners, is coming back strong too. tech, particularly the semiconductors and everything related to the cloud and the internet are roaring here. it's almost as if the incredible slide in apple is fueling dozens of tech stocks to new highs. google's become the new tech leader, but who can ignore the run in none other than facebook? which
to analysts it is a multitude of factors. one is because the economy is doing well as though the cost of crude oil is ouup. another thing is processes are turning over to the spring/summer blend. that means some of these production is down why they make that switched over. as we get closer to the summer blend we may continue to see prices go up. they may continue go up all the way through april. >>-i knew i should fill up three days ago. >> the good news is that gas will probably be more expensive so fill up today and again be your friend. >> i have no choice, have 2 mi. left. >> the good news is today's gas prices will be cheaper than tomorrows. americans are bombing about 4% of their incomes into buying gasoline. the energy barbets is u.s. households spent an average of just over $2,900 on gasoline last year. that is eyes level and for years. the percentage rates similar levels in 2008, when a red hot global economy and panic over dueling surprising gas prices to the roof. the nationwide average price for gas of regular gas out cast it $3.60 last year also a record high. >> police have relea
jones starting next month above the 14,000 mark the presidents said our economy is poised to expand. >> 2013 can be a year of solid growth, more jobs and higher wages but that will only happen if we put a stop toself inflicted wounds in washington. >> and this morning the president once again called on congress to work together on a balanced approach to reduce the deficit and promote economic growth. he said businesses created 2.2 million jobs last year. he suggests economic reforms including reducing the cost of health care programs like medicare and closing loopholes in the tax code. >>> this is the first time in five-year that the dow closed above 14,000. it had dropped as low as 6600 in 2009, increased consumer confidence, manufacturing and auto sales are credited for the surge. >> we are moving in the right direction compared to a lot of other countries we are in a good position. >> the economy has improved. you can put the money in the bank but you earn no interest. >> economists say many prefer american investments because the european markets struggling and many conside
indicators in terms of what the economy is doing. that debt ceiling vote the senate has approve it, the house already did so we can borrow morgan to pay our bills through may. congress at that point will have to deal with it again. richard? >> tracie potts in washington. thank you. new yorkers are waking up to the news of the passing of an icon, one of the city's and nation's most outspoken and popular politicians, ed koch has died of congestive heart failure. he served in world war ii and later was elected to three terms as mayor of new york city. ed koch dead at the age of 88. dramatic and contention day of testimony for senator charlie hagel. >> reporter: john mccain seized on hagel's opposition to the surge in iraq. >> the question is, are we right or wrong? that's a pretty straightforward question. >> well, i'm not going to give you a yes or no answer. >> reporter: over his 2008 comments related to israel that a quote jewish lobby intimidate a lot of people in congress. >> name one person in your opinion who is intimidated by the israeli lobby in the united states senate. >> well, first
:45. great news on the economy is sending stocks to highs we've not seen in six years. ktvu's pam cook is in the newsroom now with the exciting news on wall street. good morning, pam. >> good morning. two good reports are getting credit for taking the dow up to new heights right from the opening today. british opening -- [opening bell] >> the dow has pulled back a little bit. but that's typical. the index will test a new level for a bit until investors and economists weigh in whether or not the momentum will continue. in the past week, the s&p 500 has been testing the 1500 mark, both seen as very good, positive signs on the economy. helping drive the numbers, this morning's jobs report indicates that the jobs market is recovering. slowly but recover. there's another good report on manufacturing that shows growth in the u.s. as well. now, the unimemployment rate did inch up -- unemployment rate did much up but analysts say that could be because more people are starting to look for work. so they are counted in those numbers again. >>> let's take a live look at the big board right now to
was in october of 2007, before the financial crisis rocked the economy. experts disagree, to some it's a number only and investors are feeling more o mystic and thus more willing to invest. the nasdaq is up 35 and the s&p 500 up 14. >>> one of the big reasons the dow was up is this morning's jobs report. according to the labor department, u.s. employers added 1 57,000 jobs in january and the unemployment rate was unchanged, at 7.9%. analysts say that could be because more people are starting toking look for work. january's report marks 35 consecutive months of job growth. >>> the attack on the u.s. embassy in turkey comes on the same day that john kerry stakes over as secretary of state. kerry will be sworn in at the state department this afternoon. before starting his new job, kerry made his farewell tour across massachusetts yesterday. he said he wanted to thank the people he's represented in the senate for 29 years. >>> and hillary clinton just gave her farewell speech to the state department this afternoon on her last day as secretary of state. this is video of clinton leaving home this mor
, a wild ride for the american economy. stocks surge to their highest close in more than five years, nearing an all-time high. but unemployment ticked up. then there's the price of gas. suddenly sky-high again. >>> there's been another terrorist attack on a u.s. outpost overseas. our own richard engel is there, all of it playing out when we get a new secretary of state. >>> new rules in the ongoing fight over birth control coverage. the president makes an offer. the question is, will religious leaders give it their blessing? >>> and the big game. it's all over, but the shouting, the fans are in place, the excitement is building. oh, but wait. we're talking about the puppy bowl on sunday. "nightly news" begins now. >>> from nbc news world headquarters in new york, this is "nbc nightly news" with brian williams. >>> good evening. late today the stock market crossed over something of a mythic mark of the modern era and the dow jones industrials closed above 14,000 for the first time since 2007. and we all remember what happened back then. the stock market has been on a tear of late, ga
of the economy is showing strong growth and that's the stock market. the dow continued its january rise with a gain of 72 points today and it is now very close to hitting 14,000, the nasdaq dropped a fraction. patti lee live in san francisco where she learned what's driving the markets and why the bay area is looking better. >> reporter: it's starting to feel like bold times. just take a look at this ticker when was the last time it could make you smile. but with investors on the sideline and the dow down the bears are on the run for now. in san francisco, spending is making a come back. >> i do see a lot more people shopping. i see a lot more people traveling. the airport is pretty full. traffic is back on the freeways. >> reporter: dollars are also flooding the stock market. the dow is closing in on 14,000. a level it hasn't seen since 2007. and just last week the s & p hit a five year high. economists say the forces behind the run include growth in china. stability in europe and the postponement of physical cliff talks in the u.s. a ro bust housing market doesn't hurt either. >> i'm
part of the economy is showing strong growth and that's the stock market. the dow continued its january rise with a gain of 72 points today and it is now very close to hitting 14,000, the nasdaq dropped a fraction. patti lee live in san francisco where she learned what's driving the markets and why the bay area is looking better. >> reporter: it's starting to feel like bold times. just take a look at this ticker when was the last time it could make you smile. but with investors on the sideline and the dow down the bears are on the run for now. in san francisco, spending is making a come back. >> i do see a lot more people shopping. i see a lot more people traveling. the airport is pretty full. traffic is back on the freeways. >> reporter: dollars are also flooding the stock market. the dow is closing in on 14,000. a level it hasn't seen since 2007. and just last week the s & p hit a five year high. economists say the forces behind the run include growth in china. stability in europe and the postponement of physical cliff talks in the u.s. a ro bust housing market doesn't hurt either. >>
the local economy and keeps everybody out there working. >> reporter: there's still tickets for tonight's pep rally it's $12 a person and it's just getting started. live in san francisco, amber lee, ktvu channel 2 news. >>> pretty much seems like just about everyone in the bay area has 49er fever. even the restaurant chain panda express. more than 70 locations will get free orange chicken for anyone that walks in with their 49er gear. >>> a suicide bomber attacked the u.s. embassy in turkey. he died. the bomber is a known militant. state department officials say the embassy is heavily protected but is also due for an upgrade. >>> in mexico city the death toll from yesterday's explosion at the pemex headquarters rose to 23 today. rescuers are still looking for more possible victims. the head of pemex says it appears it was an accident although the cause has not been determined. and a spokesperson said most of the damage was too administrative offices. >> back here in the u.s., john kerry was officially sworn in today as secretary of state. kerry's wife and daughter attended the ceremony
celebrating and having a good time. but it sustains the local economy and keeps everybody out there working. >> reporter: there's still tickets for tonight's pep rally it's $12 a person and it's just getting started. live in san francisco, amber lee, ktvu channel 2 news. >>> pretty much seems like just about everyone in the bay area has 49er fever. even the restaurant chain panda express. more than 70 locations will get free orange chicken for anyone that walks in with their 49er gear. >>> a suicide bomber attacked the u.s. embassy in turkey. he died. the bomber is a known militant. state department officials say the embassy is heavily protected but is also due for an upgrade. >>> in mexico city the death toll from yesterday's explosion at the pemex headquarters rose to 23 today. rescuers are still looking for more possible victims. the head of pemex says it appears it was an accident although the cause has not been determined. and a spokesperson said most of the damage was too administrative offices. >> back here in the u.s., john kerry was officially sworn in today as secretary of state.
. >> the president said the economy is poised to expand this year after 2.2 million jobs were created last year. republicans say this is the chance for congress to begin balancing our nation's checkbook. jump starting the economy and restoring faith in our government. >>> energy secretary steven chu is stepping down. the former head of the lawrence berkeley national lab drew a lot of political fire during his tenure on the president's cab net. but as abc7 news political reporter mark matthew notes, khu also drew a lot of talent to the department as he worked to reshape its mission. >> at the white house, president obama publicly thank the steven chu for his service. steven has a great friend, a tremendous colleague working on a whole range of energy issues, but also designing a cap to plug the hole in the middle of the gulf of mexico when anyone else could figure it out. that's typical of the incredible contributionings he's made to this country. >> when he came here he had a nobel prize in physics but knee real experience in politics. >> he said honest things about climate change and energy wh
america compete for the best jobs and new industries. >> the president said the economy is poised to expand this year after 2.2 million jobs were created last year. republicans say this is the chance for congress to begin balancing our nation's checkbook. jump starting the economy and restoring faith in our government. >>> energy secretary steven chu is stepping down. the former head of the lawrence berkeley national lab drew a lot of political fire during his tenure on the president's cab -- cabinet. but as abc7 news political reporter mark matthew notes, khu also drew a lot of talent to the department as he worked to reshape its mission. >> at the white house, president obama publicly thanked steven chu for his service steven has a great friend, a tremendous colleague working on a whole range of energy issues, but also designing a cap to plug the hole in the middle of the gulf of mexico when anyone else could -- nobles to figure it out. that's typical of the incredible contributions he's made to this country. >> when he came here he had a nobel prize in physics but knee no real
compete for the best jobs and new industries. >> carolyn: president says the economy is poised to expand this year after 2.2 million jobs were created last year. republicans say this is the chance for congress to begin balancing the nation's checkbook jumpstart go the economy and restoring faith in our government. >>> energy secretary steven chu is stepping down. the former head of the berkeley lawrence lab drew a lot of fire but as political reporter mark matthews, he also drew a lot of talent to the department as he worked to reshape its mission. >> at the white house, president obama thanked him for his service. >> he has been a great friend over the past four years working on energy issues but also designing a cap to plug a hole in the gulf of mexico when nobody else could figure it out. >> when he came to washington in 2009 from u.c. berkeley he had a nobel prize in physics but no experience in washington politics. >> he said honest things about climate change and energy that he had to political reasons walk back during his confirmation hearings. >> things like coal is my worst nigh
extra power or fuel economy than the models with bigger conventional engines. a four cylinder from bmw delivers on a promise of good fuel economy and acceleration according to consumer reports. >> in boston, a worker would fell from a construction site survived the fall because of plastic wrap. the worker plunged 30' from this building into mistick -- plastic sheeting. he was tangled in the heavy duty plastic and needed to be cut free despite the padded landing he was taken to the hospital but he is going to be okay. >> next at 6:00, the final step of the 49ers today after returning home from the super bowl in new orleans. >> the golden state versus the lone star state. the war of words with a texas counterpart. >> we are minutes away from the start of a florida hearing for george zimmerman and what he @ññ!ñcúsys of walking to give a breast cancer survivor a lifetime-- that's definitely a fair trade. it was such a beautiful experience. (jessica lee) ♪ and it's beautiful (woman) why walk 60 miles in the boldest breast cancer event in history? because your efforts help komen serve
for the first time since before the financial crisis rocked the world economy. it's a milestone. although at the new york stock exchange, traders seemed to be taking it in stride. still.the dow hit the mark. thanks in part to a good january jobs report. good car sales. and better consumer confidence and manufacturing. analysts like it.but say it doesn't mean all 'that' much. they've got their eyes on the next big one. >> 'those are certainly nice round numbers. which again, we have done before." i think it will be more of an event if we break through that october 20th 07 all- time high. >> catherine: the october 2007 high he's talking about -- that's when the market hit 14,164. it's not far off. and it's what everyone's watching forlet's take a closer look at that jobs report which was released today. it basically indicates that job growth is holding steady despite some snags. the economy added 335- thousand more jobs than originally estimated during all of 20-12. as for last month -- it added 157-thousand jobs. not as good as the previous month - but still a gain. meantime. hiring is bar
. >> this just then. the january jobs report has came out. the economy added hiring hs picked up but we are seeing more people tried to enter the workforce. the unemployment rises. it is up to 7.9%. we will have more on the markets as kron 4 continues. at ikea, we don't just design furniture. we design good mornings. little experiments. big ideas. brighter ways. and better tomorrows you can take home today. imagine if everyday was just a little bit better for everyone. >> this is a live shot of interstate 80 where police are looking for this flat bed pickup truck. the driver has apparently kidnapped a child. we will give you more information coming up. this person is supposed to be a relative. >> new data from consumer intelligence research partners say that iphone users pay the highest monthly bills. 60 percent of iphone users holden said, that they pay more than $100 per month for their service. only 50% of android users fell into that same category. black berry and windows phone users paid even less. cirp says, that the reason is most likely due to a carriage users' fees which the ce
and making the economy worse because it takes money to fix it. >> i think that when the liquor kick and they went out to the streets and the crowd let them play. now the half to help prevent them from playing. they still have to get them relaxed but there are going to do more harm if they still let them go. this time, controlled bomb before it happens. >> the business owner of this restaurant el toro is that he did sustain damage and but he is hoping that things will be different because he is right next door to the police station. he is warning people to not come out and destroyed property. with the new media of everything is caught on camera and they will prosecute to the full extent. >> they have also been clearing some of those metal trash cans. to try to get the fuel out of the mission district. >> yes. of the public works to apartment have cleared out trash cans. according to that business owner he says that those have been able to be removed for that reason. they can take them and smash them and also warn business owners. the city has cleaned up those trash cans. >> thanks. k
yeefr's 1% growth rate.xhn with fears about the sluggish economy slowed thicks down. back to you. >> okay. thank you very much. see you tomorrow. >> just a gorgeous view from behind emily there. with ridge, blue sky autos felt like spring out there. >> it did. this is stunning. our rainfall sock. >> yes. >> so this is guilt free, then. you cannot find a cloud in the sky. it's awesome out there. satellite and radar image shows a cloud free sky over the bay area. here is a look at forecast features, clear, cool overmild night, cooler with a bit of unsettled weather next week but that is off at the moment. now, massive ridge of high pressure high and dry into the weekend. in san francisco, it's the third driest january n record. and the driest since 1976. just over half an inch of rainfall total. overnight tonight, chilly and once again, low temperatures dropping into mid-30s and locations like santa rosa and napa. inland east bay, chilly with low of 37 in livermore, climb into the south bay. sunny skies with highs 66 in san jose.Ñf 66 in redwood city. 65 degrees downtown to. 67 in
is a city with an economy that certainly thrives on tourism. and even after hurricane katrina, which took place in 2005, they're still rebuilding here. and big events like this certainly do help. and the people, they really are glad to see you. take a look. ♪ new orleans is getting ready to shine in the international spotlight yet again with the super bowl. it's the tenth out of 47 total that the crescent city has hosted. and you don't find too many fans with split loyalties. who are you rooting for? >> split down the middle right now. i probably a little more 49ers. >> reporter: craig is part of a group helping bring wounded veterans to the super bowl. and everywhere you look in the french quarter, the energy is emanating from the street level activity. and the local flavor is starting to emerge. >> welcome to new orleans. >> reporter: some wearing more 49ers and ravens gear than others. >> like from fredricks? >> i made this myself. i make all the costumes myself, except for the what you call it, the hardware of it. i make it all myself. and my bra has predicted the last three major s
sunday. >> a report showing a shrinking economy in the fourth quarter of last year led to declines on wall street. the dow fell 44 points to its other 13,910 the nasdaq was down 11 points and the s&p 500 block of its biggest decline in the year following six points to 1501. the labor department releases weekly job claims this a day ahead of the monthly jobs report summer of for january. we will see the unemployment rate changes it currently stands at 7.8%. the senate is expected to pass a bill standing the federal government's 16.4 trillion limit on borrowing through may 18th. without the bill, the government would default on its obligations by as early as mid february. the house passed the legislation last week. if the senate approves the, the measure will go to the president who is expected to sign it immediately. faced with has delivered fourth quarter results above wall street's expectations and says its mobil ad revenue a closely watched figure is growing. facebook earned 64 million, or 3¢ per share in the october 3rd december. . that's down from three added 60 million, or 14
on the deficit. to keep the u.s. economy on the upswing. >> for example, we need to lower the cost of health care and programs like medicare that are the biggest drivers of our deficit. without just passing the burden off to seniors. and these reforms must go hand in hand with eliminating excess spending in our tax code. >> the president said wealthy individuals and large corporations should not have access to tax look holes and deductions not available to average americans. >>> the white house released this video of president obama skeet shooting in camp david and it was taken in august and it was answering skeptics to those who thought he didn't know how to shoot. a tennessee woman says he respects the sport of hunting. and democrats are pushing for tougher gun control legislation in congress. >>> a first of its kind event in concord, today, was aimed at keeping student athletes healthy on the field and off. the volunteers from the medical center offered health screenings for students at delasalle high school. about 15 years ago, an athlete died of sudden heart failure during a basketball game.
recovery. it could weaken our economy. and it could cost us jobs. not just now, but in the future. >> as he has done in past, the president today called for a balanced approach that would eliminate tax loopholes for the wealthiest americans and large corporations. >>> meanwhile the white house released this photo of president obama skeet shooting at camp david. the photo was taken back in august, but was released to answer skeptics who doubted mr. obama knew how to shoot. a tbs congresswoman questioned mr. obama's statements that he enjoys the sport and respects the traditions of hunting. >>> in turkey police have confirmed the identity of the suicide bomber who attacked an american embassy. police released this security video the bomber moments before he ignited the bomb. the terrorist group that claim responsible for the bombing now calls him a martyr for the anti- american cause. the attack killed a security guard and seriously injured a journalist. >>> also in turkey police have arrested at least nine in connection with the disappearance and death of a new york woman. body of
this week, airasia x will not allow passengers under 12 to sit in the first seven rows of economy class. the additional cost for the seeds and the quiet zone is around 11 to $35. the budget airline says those child free rose also have softer lighting and are located away from toilets. how effective will this quiet free zone be? given its charge ignores many maybe even several away. we as yet kron4 facebook page and here's what you're saying this morning. dana bell says at a parent i would love this! that way i don't have to apologize every 10 minutes to a stranger. leslie says i don't see how this is to help. one can hear screaming kids while sitting in the front and a street kid is the back. i ever grown adults screaming themselves just like a child. and he says i will see how it could help the less there is some sort of sound barrier. >> i would pay to have them seated next that aanny. i'm not kidding. 7:28 a.m. and you can't move the tv there. yuh-huh. we have a wireless receiver. listen. back in my day, there was no u-verse wireless receiver that let you move the tv away from the tv
a sluggish u.s. economy by keeping borrowing cheap for the foreseeable future. the fed took no new action after a two-day policy meeting. but it stood behind aggressive steps it launched in december to try to reduce unemployment. the government reported today that economic growth shrank from october through december for the first time since 2009. >> pam: just hours ago, blackberry unveiled it's newest phone. some analysts saying this could be the phone makers last chance for a comeback. here with us now -- our tech reporter gabe slate. gabe, we know blackberry has been in some financial trouble -- losing market share to apple and android devices. >> they are of really trying to change their image. let me show you the first video of these new devices caliphate one is a touch screen if the other has a keyboard they will not be on the u.s. market until the month of march. still, no price information. this makes it an act a lot like an android. they are trying to make this android hit. they want it to be more personal and haul the major social media has been integrated. they built in the scho
yesterday after reports show the economy unexpectedly contract it is a the fourth quarter. >> the federal reserve also said growth has caused in recent months. >> here's a look at the numbers. the dow lost 44. its largest drop off in three weeks. the nasdaq was down 11. and the s&p 500 fell five. >> facebook fourth quarter financial results surpassed wall street's expectations but the company's stock is deplore it extended trading. facebook earned 64 million, and the october/december. >> that is down from $360 million a year earlier when it was still a privately held company. >> revenue rose 40% to $1.59--159 billion from 1.13 billion. >> facebook has gained some any mobile users this year, that for the first time more people are checking their profiles and news feeds with their phones and set of their computers. the company's focus on putting mobile first, with new apps and features, is paying off. facebook is a large social network in the world, and it was the most used mobile app across the i o s and android devices and the nine states in 2012. that is according to recent, score number
question is why? there are a couple of reasons. one was because the economy is good set they will drive the price at high. the basic thing is that the spring and winter blend is coming so refineries were shut down. they will switch over to that summer blend. it is more expensive and we could see prices increasing starting in april. officials are hoping a new *private bus stop at van ness and union street will help ease traffic during commute hours. the stop is for private shuttles offering service to companies like google, apple, and genentech. this will be the second bus stop of its kind in the city. there is already one near 8th and market streets. muni is hoping stops like these will keep private commuter shuttles from blocking muni busses during the commute. >> police have released the name of the teenage girl who was found dead in a fairfield park last week. but investigators are still trying to figure out who killed her and why. 13-year-old genelle conway's body was discovered friday morning at alan witt park. family members say the teenage girl was strangled, but police, who've
says steer clear of economy paint. >> a good price is a good thing. but stay away from really inexpensive paints. none of the top picks were under $20. >> you don't need to spend top dollar. benjiman moore which can cost $68 a gallon did well burke not top rated in consumer reports latest paint tests. highest scores went to paints that cost half that much. and kensington sold at ace hardware store autos it topped our ratings in satin finish, then, semi gloss is great for trim. >> these clark and kensington paints left a smooth finish. even after a thousand passes with the stiff scrub brush. plus they're superb at hiding. you can cover hold paint you're tired of looking at. >> it's also self priming. you can save time. >> the fact gail could get paint at ace store made the job easier, too. if you hope at home depot or lows consumer reports says paints available at these stores did really well in the tests as well, home depot, several paints by behr are recommended in all sheens including premium pus ultraenamel z gliden premium for about $25 a gallon. if you prefer lowe's, cons
the economy contracted slightly last quarter. the biggest reasons was the plunge in defense spending and the biggest in 40 years. some say consumer spending picked up. the number is not as bad as it seemed. investors are waiting to see what the federal government says after a meeting of two days. we are higher with the dow starting lower, but, we have climbed back up into territory in the green there across the board and the bloomberg silicon valley index is up. amazon is share with a jump in holiday shopping and facebook is the one to watch today and tomorrow with analysts forecasting they will report a pickup in groups with results after the closing bell and watch for the company and what they have to say about mobile and showing they are monetizing mobile. in a few minutes research in motion will unveil the new blackberry 10, counting on the new operating system to reverse their failed slump, and this is a make-or-break kind of thing for research in motion which they hope to reverse sales. >> have a great day. >> starting out gorgeous and a warm up nice in the afternoon. >> nice t
.d.p. report showing the economy shrinking by a quarter. the dow and s&p and nasdaq traded higher and the dow not quite 14,000 yet but we are slowly getting closer and the silicon valley index is trading up under half a percent higher. chevron reporting a bump in profits but smaller than expected. are you planning on watching the super bowl? 91 percent of consumers watching the game are also looking forward to the commercials. 81 percent say they like the funny ones. 25 percent prefer sentimental commercials. you do not have to wait until the super bowl to see the ads, ads are on youtube as they get as much bang as they can get out of the 30-second spots that cost $4 million each. americans are expected to consume 79 million pounds of avocado on sunday because of the popularity of guacamole which is 158 million avocados. >> quickly, gin, we heard a lot of applause, was that for you? >> it is my fan club. actually, i don't know what it was. there was a company that went public today, so i think it may have had something to do with that. >> okay, i am sticking with my story. you have a great we
up slightly to 7.9 percent, up .1 percent from december but the economy added 157,000 jobs in january and we see how investors react to the news when wall street opens for business if less than an hour. >> we will do that originally, originally, originally, originally, originally, seashells by the seashore. i am good, everyone. >> we will start with our sat flight radar and show you the pattern going on. you can see the high pressure here but clockwise flow deflecting a system to the north, and clouds from the south, that is tomorrow's weather and the reason why we will not be so warm. the fog thickens and talked about not bay but it is hazy in more areas this morning than year. 37 inland to low-to-mid 40's around the bay and the coast and mid-50's to 60 at noon and sunny through the day with let to mid-60's in the afternoon and grab a light jacket in evening, mid-40's to low 50's. moving forward, the weekend, tomorrow, there you go, temperatures in the let to mid-60's and more sunshine and slightly warmer for sunday and monday and back in the low-to-mid 60's and possibly a few upper
. koch was credited with reviving new york city's economy in the 1970s after a crushing financial crisis. current mayor called koch today new york's most tireless, fearless and guileless civil crusader. >> dell is reportedly in talks to go private. and if the deal goes through the company would be sold to a group led by its own founder and ceo and private equity firm. the sale could top $24 billion. analysts say becoming private would allow the company to make itself over as a one stop shop for corporate technology needs away from public scrutiny. >>> it was a long time coming but right now in san francisco fans of the gold dust lounge are celebrating that famous bar reopens. >> to declare this gold dust lounge day here in san francisco. to the tune of an old time band and a mayoral proclamation it reopened in its new fisherman's wharf location. it moved there after a bitter fight with its landlord. the gold rush theme bar makes its comeback just in time for the 49ers return to the super bowl. mayor ed lee plans to stop by. >> you can see the crowds here. we love our traditional bars, ta
regular diesel. in addition 25% better fuel economy, feature less space and be equipped with, yes, free 4g wi-fi access. >>> let's bring in our chief meteorologist 0 jeff ranieri to match the mood of the bay area, rain in a lot of places today, everyone is somber about the niners. >> monday letdown. everybody is dragging their feet. we have some weather in here the next couple of days that may put a little extra kick this your step. our numbers are all over the board. you go down to san rafel and you had 62. the fog hung in through the midday hours. 65 in livermore and then just go off the north of concord and temperatures in the upper 50s. you have 54 and 66 in los gatos. some spots had a last minute sprint. we got that sunshine. san rafael at 53 and then at 2:00 nine degree temperature m jump in one hour as you pop up to 62 degrees at 2:00 p.m. currently numbers cool off to the north bay with some mid-40s developing in napa. dew points beginning to lower and we are finding areas of fog in the north bay. to our live sky camera network tonight and you can see in san francisco we have a m
on the economy. >> they're already here. they're already working. there will be some impact on the labor market but it will not be enormous because they are already in the market. >> reporter: they claim immigration reform takes away available jobs is largely untrue especially when you consider many of those jobs being discussed are low wage, low skilled positions which brings us to our second question. will future legalization of our immigrant population cost taxpayers millions of dollars or not? he says it depends on which part of the population you're talk ing about. those hikely to use government aid when eligible, yes. >> because they are more likely to be lower income americans than americans, the second time would be bad for the u.s. budget because it's going to cost money. >> reporter: but adding high skilled workers, which is also part of the grand proposal, will mean major economic benefits. >> increasing the college graduates and education abroad, increasing their numbers here, would be -- would increase jobs and salaries for less americans for a number of reasons. >> reporter: the c
in developmental biology. dr. rosenfeld 40's berkeley. >> american council for energy efficient economy and california institute for energy and environment and lawrence berkeley national laboratory. for strrd ledership in the development of energy efficient building technology and related standard policy. [applause]. >> today physicist measure energy savings in quantity they call rosenfeld believe it or not. >> well today i had the chance to sit down with director rob reiner the man behind film like the princess bride and when harry met sally and other detroit films. host add conversation with him at the club where he talked about the role he's had as filmmaker and political activist. specifically the fight against proposition 8. >> one of the reasons we took on proposition 8 aside from the obvious reason of marriage equality and we should all be treated equal under the law and it's a it was a bad initiative and court have already overturned it we hope the supreme court will uphold thos those. those rulings it was partly an education process. being able to teach. being able to show p
new this morning about the u.s. economy unexpectedly contract in the fourth quarter. sometimes you have to find the story. the u.s. economy is just one step away from recession. government spending is to blame. the defense spending fell 22% the previous quarter. this is just one off of the cut. this is all tied towards the election. they are stating that maybe the president did this for them to vote for him. >> the federal reserve's are supposed to make their report and we will see how they are going. we are going to keep our policies in place. we are going to have to go back to the factories and start making more things. >> russ is asking if he should buy research in motion now that black berry is finally out? >> you do not chase performance. the company may run out of money. there is a lot of competition out there. i would not chase it. >> katherine wants to know what is the best way to buy gold? >> you see a lot of commercials about gold. there is a huge game and queens. if you do this try to buy the cheaper clones. >> you consent rob your questions on our facebook fan page and
in wall street. >> the economy is slowly improving. it's not fast enough for some, unemployment is too high. some of the key economic indicators are definitely getting better. >> reporter: what's going right for the economy? manufacturing and construction activity has picked up, while the unemployment rate edged up to 7.9% in january, we also learned that more jobs were added in 2012 than first reported. meanwhile, fear of a financial crisis is lessening. back in portland, julie ober's job hunt is now over. >> i got the job! >> reporter: one more piece of economic news -- gas prices, they are moving to the upside and fast. averaging nationally $3.46 a gallon, up 13 cents in a week, up almost 20 cents in a month. of course, you'll pay more if you're in california or the great lakes or east coast. for "today," tom costello, nbc news, washington. >>> time to check some of the morning's other top stories. >> with jenna in new orleans, tom llamas is filling in. >> reporter: good morning. we start with another attempt to rein in iran's nuclear ambitions. vice president biden says the u.s. is
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